Zimbabwe’s New Gold-Backed Banknotes Relief Cash Shortages: State Media
10:01 05.05.2026 (Updated: 10:14 05.05.2026)
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Zimbabwe’s New Gold-Backed Banknotes Relief Cash Shortages: State Media
New ZiG10, ZiG20, and ZiG50 notes are now widely available via ATMs and banks, easing cash shortages.
Backed by $1.3 billion in reserves—double the value of bank deposits—the currency is gaining early acceptance from kombi operators and informal traders in Harare.
With withdrawal limits set at ZiG10,000 for individuals and ZiG100,000 for corporates, Zimbabwe is pushing toward its 2030 mono-currency goal, though officials stress that durability and divisibility remain critical for long-term success.
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Sputnik Africa | X
New ZiG10, ZiG20, and ZiG50 notes are now widely available via ATMs and banks, easing cash shortages.
Backed by $1.3 billion in reserves—double the value of bank deposits—the currency is gaining early acceptance from kombi operators and informal traders in Harare.
With withdrawal limits set at ZiG10,000 for individuals and ZiG100,000 for corporates, Zimbabwe is pushing toward its 2030 mono-currency goal, though officials stress that durability and divisibility remain critical for long-term success.
Subscribe to @sputnik_africa
Sputnik Africa | X
